Indianapolis Times, Volume 35, Number 200, Indianapolis, Marion County, 30 December 1922 — Page 13

[End Review Sectiora

WN OF NEW YEAR HAILED WITH HOPE AND CONFIDENCE

HH Fi HESS IS ■ ; lip£ Who Study Fi* mlimHi, Take Cheorfu! V.cw. |mHP BHal Banker Ass.ris. |S|,] jSHcNE OF SURPF.ISES mK K&flf of Agriculture ls ySgP'of ÌVlost Encouraging Sns of Reviving Business. MBirOH McK LAN DON BKBresi'.ient of thè Fletcher ami Trust Company, come tu thè end of thè judument uf those who a dose study of business EKafr tagfìk eonditions in Qru / : 'x^x&cL\ jSKU thè country j whole strongKS j Iv inclined to S j a ch e erful vie V. The .< sentiment is djy A, Fj|sj l>v no means £ss \ n naiiimous. fp£ That cxeel,*s lent authorlaxdon itv, John Sdy, speaking before thè ChiAssociation of Commerce pix weeks ago. said: "It seems oonelusion that thè imm--9B future nf Anvriran business i. indicative of a boom; reaclion present revival is not many ■•nths ahead of us. and while thè, 3 few months of 1923 may be relaQk?ly prosperous, we miy run tnto a j*4j p wed periti of d n flation before thè of thè year." B. C. Eorbes like- : warns business ni n to “blend BSition with courage.” o n thè other thè questionnaire seni US'. by thè New Yoik Merchant AsRjw' iation ellcitcd responses which were £3 ?rwhelmingly optimistic. Bahson W on thè hopeful side, and thè statisEcian, Brookmire, whose forecast a fcear ago on thè favorable side ha been justifled by eventa, aster a study □f hls four statistical barometers. again announces that “thè balance of probability is that business expansion will continue into thè falL” The year just ending has been full of surprises for many business men lin spite of thè fact that eonditions at thè dose of 1921 gave ampie warrant for thè belief that we were nearing thè end of one of thè downward swings of thè endless business cycle. That this must bave been true is aufficiently evideneed by thè quite remarkable recovery which business has made from thè mid-year setback caused by thè coal and railroad labor dlfficulUes. Good crop3, steadily im proving commodity prices and a sound banking situation were all factors contributlng to this surprising recovery; aiso thè fact that there waa no surplus of goods on thè shelves to cause a reaction against norma! activities in 1 manufacturing lines once thè wheels of commerce began to turn a gain. And so thè result that repoi-ts for thè last ! quarter of thè year from practicaily i all lines of business are favorable. Agricolture Impmves The improvement in thè agrieultural situation is ooe of thè most cheering faets of thè end of thè year. There was no mystery about thè low prices for farm produets which marked thè eariier months of thè year. The surplus produets of our farms must be sold abroad and particularly thè price of wheat and cotton is determined by thè world market. All countrìes which are normally large customers for foodstuifs and cotton have this year heen compelled by thelr poverty to cut down purchases to thè lowest practlcable figure. Toward thè end of thè year improving eonditions abroad, especially in England, have brought an increasing dernand for foodstuffs and

cotton: There is evidence, too, that because of their necessities foreign buyers overstayed their most favorable market. Wheat has appreciated ‘3O per cent above thè year’s low price, con 46 per cent and cotton 63 per cent. What is more important, not only has thè price of farm products advanced, but their buying power relative to thè things which thè farmer must purchase. has increased materially. Sept. 1, accordine, to Dun's -Review. thè price of breadstuffs stood J 3*4 per cent above Aug. ì, 1914, whereas thè average of all other commodities was 49% per cent above what they were on thè sanie date. By Dee. 1, these figures were respectively 30 per cent and 5874 per cent, and since that time thè difference has been / stili further narrowed. So that thè farmer’s po6ition now as compared with a vear ago is a matter of promising expansion rather tha ncontraction in reia tive power to buy. It is significant, too, that he i& using at least a part of thìs improvement in his position tbward getting out of debt. The re (Continued on Page 16.)

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LIVESTDCK MARKET IS ONE DF BESI Prices Compare Favorably With Those of Cther Cities. The Indianapolis lfvestock market during 1922 compared favorably most of thè time with other live stock markets. Indianapolis is one of thè lsrgest hog markets in thè country. Following is thè range of prices on thè first market day of each month during thè year: Jan. 2.—57.25 to $8.25. Feb. 1.—58.90 to $9.50. March 1.—511.15 to $11.35. Aprii 1. —$9.85 to $10.50. May 1.—510.70 to $10.90. June 1. —$10.50 to $10.65. July 1.—510.75 to $11.05. Aug. 1. —$9.80 to $10.70. Sept. 1.—59.15 to $9.60. Oct- 2. —$10.15 to $10.20. Nov. 1. —$8.60 to sß.j>s. Dee. 1.—58.15 to $8.25> More farmers than ever hauled their livestock to thè stockyards in trucks during thè past year. HAS MANY THEATERS Indianapolis now has seven theaters and more than fifty motion pieture houses. Appearing in thè city during thè past year was thè crearn of legitimate theatrical and vaudeville and thè best of thè motion pictures. ARTISTS BUSY * The artistie element in Indianapolis ir. well represented. Centering around thè John Herron Art lnstitute is a colony of artista who are carrying on thè traditions of thè older Indiana artista, some of whom are nationally known for their work.

Numerous Events of Importance Take Place in Indianapolis During 1922

Following are some of thè important and interesting events in Indianapolis during 1922: Jan. I—Mayorl—Mayor Shank takes office. Jan. 12 —Robert H. Bryson appointed postmaster. Jan. 17 —Unemployed giwen work on streets. Jan. 18 —City cara re-routed. Jan. 25—Skip stop System put into effect on car lines. Jan. 27—Vice President Coolidge speaks. Jan. 30 —Mayor Shank leads 10,000 citizens on Statehouse'' in protest against public Service commission action. —. Feb. I—Teiephonel—Teiephone rates increased. Feb. 11—Skip stop discontinped. Feb. 16 —Albert J. Beveridge announces candidacy for United States Senator. Feb. 18—John L. Lewis reelected president of miners. Feb. 28—Samuel M. Ralston announces candidacy for United States Senator. Feb 28—Five bandits rob E. Tenth St. State Bank of $30.000. March I—Richard V. Sipe, county clerk, arrested for embezzlement. of about $140,000. Confesses. March 7—J. Herbert Hartman. candidate for city .iudge, acquitted of charge of receiving stolen goods. March 11—Electric rates reduced. March 14 —Isaiah Moore arrested charged with having thirteen wives. Confesses. Aprii I—Mine strike starts. Aprii 7 —Citizens Gas Compar.y asks rate increase. Aprii 10 —Attorney General Daugherty arrives in city on mine strike mission. Aprii 15—Richard V. Sipe and three others indicted for county fund shortage. Aprii 16—City threatened by flood. May 2 —Albert J. Beveridge and Samuel M- Ralston nominated as can-

INDT.VNAPOLIS, SATURDAY, DEC. 30, 1922

flidates for United States Senate^ May 6 —Politicai parties reorganize in county. May 9 —Seven postai workers sentenced for stealing. May 10 —Lawrence Lyons named Republican State chairman. May 15—Gas-rate flxed at $1.20. May 19 —Walter S. Chambers named Democratic State chairman. May 24 Republican convention opens. May 30—Jimmy Murphy wins 500 mi le speedway race. May 31—Democratic State convention opens. June 15—National Baptist convention in session. June 20 —Rroad Ripple annexation ordinance passed. June 21 —National leader® of Methodist Church meet. July I—Railroad shopmen strike. Jujy 14—Injunction asked against railroad strikers. July 18 —Court hokls Ice trust exlsts in Indiana. Aug. 2- —Govemor McCray declares martial law in mine distriet. Aug. 3.—Troops take over part of mine distriet. Aug. 4—Forces in mine distriet increased. Aug. 15—Mine strike, ends. Aug. 17—Governor stops DempseyBrennan tight at Michigan City. Aug. 21 —Teiephone company denied rate Increase. Aug. 22—Indianapolis day at faJrground. Aug. 24—James Armitage reslgns from board of safety. Aug. 26—Police shakeup ordered by board of safety. Sept. 4 —State fair opens. Sept. 20—State acts to stop coal car tie-up on railroads. Oct. 7 —Riley Hospital cornerstone laid.

Oct. 23 —Nine hurt in Street car accident. Oct. 25—Noble C. Butler reslgns as clerk of Federai Court. Oct. 30—City starts war or* smoke evil. Nov. 4 —Army non-stop airplane lands here. Nov. 7 —Samuel M. Ralston elected United States Senator. Nov. 9—City market committee proposes new building. Nov. 13 —Edward G. Sourbler resigns from board of safety. Nov. 16—Henee Orme shot. Nov. 18"—Ilence Orine dies. Nov. 27 —Veterans of Foreign Wars announce bonus bill. Dee. 4 —Milk trust hearing opens. Dee. s—War on speeders starter!. Dee. 11 —Republican house members in caucus. Dee.l4—Woman killed by accidental shooting. Shot barely misses seven months old baby. FORT IS ACTiVE Ft. Benjamin Harrison, situated just outside thè city experienced unusual activity during 1922. For a time it was thè headquarters of thè Fifth Army Corps, comprising Indiana, Ohio. West Virginia and Kentucky. This headquarters was removed and thè post made a hrigade headquarters and one of thè largest peace time camps in thè country. GREAT FOOTBALL YEAR The greatest football year in thè history of thè city was. experienced in 1922. Butjer College produced one of thè best teams in its history and defeated many sehools usually above its class in football. The locai high sehools attracted considerable aitention with their football teams and t.h independent organizations experienced a good year.

CITY IS CENTER OFEDUGm Sehools and Othe-r Faciiities for Learning Rank High. As a center of literature and culture Indianapolis ranks high. Its public school System is extensive, and although thè sehools are crowded, efficiency is high. There are three high sehools and plans are under way for a third. ' Includcd in these sehools is Arsenal Tech nicol High School situated in nn enormous campus and having an emollment of nearly 5,000. The Ernmerich Manual Training High School end Shortridge High School, thè latter thè oklest in thè city, complete thè trio of secondary sehools. Butler College is rapidly growing and gaining in promìnence. It will move'soon from Irvington to Fairview Park, where lt will be greatly enlarged and where it will bave a campus of more than 200 acres. The public library system has been growing rapidly. There is a centrai library of beautiful constroction, a business branch downtown and numerous neighborhood branches, ..eeping pace with thè growth of thè sehools. As a producer of literature Indianapolis is known throughout thè World, some of thè most skilled and most farnous writers making this city their home. UTILITY RATES VARY Indianapolis during 1922 experienced a year of ups and downs as to utility rates. The eleetric rates were reduced, thè gas and teiephone rates were increased and thè water and Street car rates remained stationary.

Business Men Agree Future Holds Bright Prospects for Adcled Prosperity—Reports Indicate Improvement of Industry. Indianapolis and Indiana will enter into thè new T year Monday with spirìt of confidenee and jof optimism. Every one has agreed that thè outlook for thè future is bright. Business men, having passed a prosperous and profitable Christmas season. express thè opinion that thè elouds are passing and tliat thè future is brighter tlian at any time since thè war. lìeports from locai industrie* aiul from all parts of thè State indicate thè employment situation is greatlv improved and that it

will continue to imnrov. Fiom ev erywhere come rejiorts of Industries running to capacity or near to capaci* y. The year opens with thè city ir. thè midst of an unprecedented building boom, taken genera,*ly as an 1. Jication of optimism as to what thè future holds. Building operations in Indianapolis in 1922 reaehed nearly to thè Ì30.000.000 mark Already many p:ojects have been formed for thè ne\v year. Slabitization Nearer Prices during thè past year nave teen redueed to some extent. There has been every one agrees, a distinct drift toward stabilization. The long ex pei ted normal condition of affairs locally is much nearer realization than it was twelve months ago. The past twelve months have been months of progress and of reverses i;ut there has been more progress than retrogression Labor troubies during a pari of thè year hampered locai business to some extent. These have m.w l>ecn ejeared away and production has approaehed nearer to normal. Locai business men are inclined to take a more optimi ;-- view tif International affairs as they affect business. As thè year closes interna tional exchange has slight'.y impreved. This is taken locally as a good sign. Year of Reverses Politicane thè year has been one of changes and reverses. The old year opened with a new administration in Indianapolis. This administration has been much in thè limelight. Opinion differs as to whether thus far it has succc-ed or failetì. There is no doubt it has heen active. The recent election was one of surprises. resulting in thè upset of thè old nrdor. With thè dawning of thè new year attentimi in Indiana is centercd on thè op> ning of thè Legislature. Merabers of thè Assemhly have announced tliey are con.ing to Indianapolis t lis timo to cut expenses. This would mean a cutting of taxes and of this j commercial iaterests wouid heartily i approvo. The old year is leaving behind it j but few regrets. The new yenr Ls bringing with it a new dawn of confidence and optimism. ISBIiPOLiSÉ ini unumGES

Some Reasons for Economie Supremacy Listed. lio re are some outstanding faets about Indianapolis and its place in thè N.ition, some of thè reasons vvhy it experienceel a prosperous year: Five-cent Street car fiere. 250 wholesalers. Coal mines withln fifty miles. Wonderful public school system. I.arge wheat and corn market. 330,000 population. Seventeen railroads and thirteen lnterurban lines. Economie point for distribution in America. Withln a day’s ride of sixty million people. Has fifty-one hotols. Ranks fourth in publishing in United States. Has 2.300 retail merchants. Leads world in making quality automobiles. Few miles from center of population. 15,000 retailers in Wholesale territory. 1,500,000 buyers within two hours’ ride. Has large municipal market. Capital of State of Indiana. High percentage American born population. Two railroads direct to stone quarries. Chamber of Commerce with 4,000 members. Large furniture manufacturing center. Has area of forty-two square miles. Has 429 miles of sewer. Has reputation as a home-ownlng city. Water supply abundant* and pure. Center of biìlion dollar crop producing section. Fifteen libraries in city. Seventy three public sehools and three public high sehools. City’s growth not cut off in any direction by naturai obstaeles. Here is thè large motor speedway. Home of Booth Tarkington. Meredith Nicholson and James Whitcomb Riley. Has fifty-flve cinema houses and six theaters. Has thirty-three modern office buildings. Has approximately 1,000 manufacturing concerns. Advantageous manufacturing sites available. Three railroads direct to coal fields. 756 different products made here. RACE IS SUCCESS The Indianapolis Motor Speedway enjoyed another banner year in 1922. The 500-milo race was run without serious mishap. It was won by Jimmy Murphy, one of thè favorites of thè crowds.

Year Eiad Review Sectiora •

liEiO OF LOCHI. COMMERCE B 00? 15 orarne Secretary of Chamber of Commerce Says Business Was Better During 1922. By JOHN B. REYNOLDS General Secretary Chamber of Commerce Greater business actìvity, increased employment, better financial conditions, all have b'-en witnessed in Indianapolis during thè year 1922. From thè very beginning of che year a steady improvement has been indicated in practicaily every line of business end industry. The sharp decime in thè curves of production, so pronounced in 1921, have. been straightened out, to a marked degree, and their direction now points to thè return of better business. We are entering upon thè completion of thè three-fihase cycle that follows a war or a panie—depression with liquidation, - imThe liquidation |^'M troit, Toledo and Akron, lacked. REYNOLDS In Strategie Position Indianapolis enters thè new year conscious of its strategie economie position. It has come to know its r&sources and its capacity for future development. The city has attained thè position it occupies at this year’s end through wisely guided development. Comparison o thè situation in Indianapolis now with thè standing of thè city in 1914 shows a gratifying expansion. In that year we were thè twentieth of thè Xations cities as an industriai center, measured by value of tnanufactured produets. The population then was 2Ò9.520. There were BS6 manufacturing concerns employing 39,971 persons.' These concerns wera producing 1139.700,016 worth of materials in finished forni in a twelvemonth. This figure represents a 10. S per cent increase over thè year 1909. Then a proii-fic development started. Values of manufactured produets, investment of capitai, employment of labor increased and with this movement there was a graduai, but definita increase in population. Growth Enormons In 1920 thè peak was reaehed and Indianapolis manufacturers received approximately 3400,000,000 for thè output of their factories, nearly triple that of six vears before. In that year 60,000 workers and salaried people participated in a total payroll of $75,000,000. And this remarkable industriai development was r.ot from sudden expansion of any one industry, but a growth achieved by a great dlversity of industries. In that growth was demonstrated that Indianapolis is thè economie point of thè country. This year has seen new bufldings valued at $25,000,000 under construction. It has witnessed improvement in Wholesale and retali trade. It has recorded increased bank clearings over 1921. It has brought a number of new industries to Indianapolis. The Chamber of Commerce has lenì encouragement to another phase of progressive growth in aiding thè move to zone thè city so as to increase Its economie and social efFiciency In comparison with cities of its competitive class.

CITY IS NOTED FOR MANY BEAUTIFUL PARKS Playgrounds Provide For Recreation of ChildreiL The park system of Indianapolis' eompares favorably with those of many other cities. Running through every section of thè city are parkways and houlevards. There are many playgrounds with tennis court, ball diarnonds. swimming pools and other features make theni assets to thè neighborhoods in which they are situated. Garfield Park with its sunken ga> dens is known as one of thè Principal beauty spots of thè State. Then there are Riverside Park. Brookside Park. Ellenberger woods and many smaller parks giving thè city open spaces and beauty.